COVID clean-outs may reveal million-dollar sports card collections

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bazza4338
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COVID clean-outs may reveal million-dollar sports card collections

Post by bazza4338 »

https://www.abc.net.au/news/2021-09-12/covid-clean-outs-may- ... /100441392


COVID clean-outs may reveal million-dollar sports card collections



Rockhampton shop owner Joseph Sacco says NBA cards are particularly popular.(ABC Capricornia: Guy Williams)
Rockhampton shop owner Joseph Sacco says NBA cards are particularly popular.(ABC Capricornia: Guy Williams)



The humble sports cards of childhood days have become a money-spinner for collectors as their value surges by more than 1,000 per cent over the past year.

Key points:

A baseball card sold for a record US $6.6 million (AU $9 million) last month
Card collectors from the 1990s are unearthing valuable collections during COVID clean-outs in lockdown
Non-traditional sports such as tennis, soccer and golf are surging in value

Lockdown boredom and COVID clean-outs have unearthed long-forgotten swap cards and seen childhood collectors cashing in on their cardboard treasures.

An American baseball card last month sold for a record US $6.6 million dollars (AU $9 million).

While most are not worth anywhere near as much, the trading card craze has soared during the pandemic and it's paying off for savvy investors.

Card king swoops in

Even in places like central Queensland, people are dropping thousands of dollars on the collectibles.

Joseph Sacco jumped on the back of the card craze by opening a store in Rockhampton.

Mr Sacco has been collecting since he was a kid and has amassed a collection of more than 5,000 cards.

He started selling cards online 18 months ago and since opening his store in March, he has seen a range of people come through the doors.

"It's been a bit of a mixed bag, which is great — more males than females and mostly 20 to 45-year-olds," Mr Sacco said.

"The main sport would be NBA.

"It's a great conversation starter too as people see the cards I sell and reminisce about getting packs or certain cards when they were kids."

Sports trading cards are popular again with some worth millions
Sports trading cards are popular again with some worth millions


Cardboard cash out

The total value of cards listed on the online marketplace eBay totalled more than $2 billion in the first half of the year — up 175 per cent on the first six months of 2020.

Trading card sales on eBay Australia went up 379 per cent in 2020, with a trading card selling every minute.

A company spokesperson said basketball card sales were up 252 per cent over the past six months, while football card listings almost doubled.

A T206 Honus Wagner baseball card from 1909-1911 sold by Robert Edwards Auctions in August for $9 million.(Supplied)
A T206 Honus Wagner baseball card from 1909-1911 sold by Robert Edwards Auctions in August for $9 million.(Supplied)


Last month, a Honus Wagner 1909–1911 American Tobacco Co-issued T206 baseball card sold for a record US $6.6 million (AU $9 million).

It smashed the previous record of $5.2 million (AU $7 million) for a Mickey Mantle baseball rookie card purchased in January 2021.

The biggest sale in Australia this year was a 1996 Skybox Kobe Bryant basketball card at $104,950.46.

Non-traditional sports cards also surged in popularity.

Tennis cards grew by almost 1,800 per cent, while soccer card sales were 852 per cent greater in the first six months of 2021 compared with the same period in 2020.

The craze is not only for sports fans, with a first edition holographic Pokémon card of Charizard changing hands for $27,000 — the most expensive non-sports card sold.


How about my collection?

Unfortunately for many people, who dreamed as kids of one day cashing in on their card collection, there's only disappointment.

Cards mass produced in the early 1990s are not all that rare.

Adelaide graphic designer Tyson Beck was hired to design a set of 600 trading cards for America's National Football League, after they saw his work for the NBA. (Supplied: Tyson Beck)
Adelaide graphic designer Tyson Beck was hired to design a set of 600 trading cards for America's National Football League, after they saw his work for the NBA. (Supplied: Tyson Beck)


However, others from eras before and after are now fetching millions, especially if they are in pristine condition.

Graded cards, as they're known, are cards sent off for official grading.

The grading companies review the condition of the card — its corners, its surface and how it is printed — to give it a score out of 10.

High-graded cards are worth up to 20 times more than non-graded cards.

Investing in cards

People purchase a packet of cards hoping a card worth thousands of dollars may be inside.

CQUniversity researcher Alex Russell, who works in the university's experimental gambling research laboratory in Sydney, did not see card collecting as gambling.

Instead, he compared it to investing in the stock market.

"It seems to have the ingredients of a gambling product but most people wouldn't see it as gambling in the same way," Dr Russell said.

"Things like stock trading, you put money at risk and you don't know whether the stocks are going to go up or down.

"There is at least some degree of a chance of that happening; it sounds like gambling, but we have this idea that it's not really gambling and trading cards are similar.

"You pay money to either open a pack to see what's in there or you can buy a card from dealers and you're always hoping that you're going to get a really good card … there are some that are rare and worth a lot of money."

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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by towradji »

How could this comply with ABC policies?

There is no reason to mention & photograph a Rockhampton business or mention ebay.

This is contrary to the ABC charter.

Looks to me like a Capricornia reporter not being adequately supervised.

Your taxes at work

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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by Global Administrator »

Thanks for posting this Bazza. A very interesting and informative article from the ABC, and well supported by actual FACTS. A superb plug for the collectables area, as all those with Big Picture vision can see.

Stamps are mirroring this COVID surge. Many millions of folks are stuck inside nationally, so they revive indoor hobby interests. Money in the bank is returning near zero, and folks are paying way less on their mortgages than usual, so a perfect storm. A lake of money looking to be spent.

I have NEVER been busier in 45 years of stamp dealing - doing 100-hour weeks all year, and not even touching the sides here.

Just could not simply afford to take the day a month from my schedule to write my monthly 'Stamp News' and 'Philatelic Exporter' etc columns, as they were surprisingly time-consuming, so sadly have stopped doing those now.

Other large dealers I speak to here echo the same surge in stamp orders. Stampboards new member monthly sign-ups are stronger than ever, and we will reach 22,500 members far faster than I predicted. :!:

Glen

bazza4338 wrote:
12 Sep 2021 12:38
https://www.abc.net.au/news/2021-09-12/covid-clean-outs-may- ... /100441392


Cardboard cash out

The total value of cards listed on the online marketplace eBay totalled more than $2 billion in the first half of the year — up 175 per cent on the first six months of 2020.

Trading card sales on eBay Australia went up 379 per cent in 2020, with a trading card selling every minute.

A company spokesperson said basketball card sales were up 252 per cent over the past six months, while football card listings almost doubled.


Image



Last month, a Honus Wagner 1909–1911 American Tobacco Co-issued T206 baseball card sold for a record US $6.6 million (AU $9 million).

It smashed the previous record of $5.2 million (AU $7 million) for a Mickey Mantle baseball rookie card purchased in January 2021.

The biggest sale in Australia this year was a 1996 Skybox Kobe Bryant basketball card at $104,950.46.

Non-traditional sports cards also surged in popularity.

Tennis cards grew by almost 1,800 per cent, while soccer card sales were 852 per cent greater in the first six months of 2021 compared with the same period in 2020.


The craze is not only for sports fans, with a first edition holographic Pokémon card of Charizard changing hands for $27,000 — the most expensive non-sports card sold.
.
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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by OldDuffer1 »

I well remember collecting football cards as a youth- we would often accost smokers at a bus stop and ask them if they had a "Jack Higgens" or whatever! (Kids- don't speak to strangers- that was a different time!).

We also played some kind of flick game with them- I don't remember the rules but you could end up gaining, or losing, quite a few! Still have some lurking around - perhaps they are worth millions (I don't think!).

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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by Allanswood »

We used to collect Wrigley's gum footy cards.

At school you lined up you cards against the wall, maybe 5 , so did your opponent. You had to flick throw the cards to try and knock a card down. If you missed then your card stayed there, if you knocked a card over you won your card back and the one you knocked over.

If you and your competitor kept missing then all the thrown cards lay there until someone knocked a card down and won all the cards on ths ground!


The other game was simple numbers. All cards had numbers, so you turned cards over until you had a matching last digit and you won the stack.

Sometimes there could be a stack of over 100 cards and it would make your day to win the pile! Some kids played until they had no cards left.

I've still got a pile of those cards somewhere. :D

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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by bazza4338 »

https://www.kidspot.com.au/lifestyle/home/popular-woolworths ... be7626197f


Popular Woolworths bricks selling for hundreds online as stock runs out


Made from 80 per cent recycled materials, Woolworths Bricks collectibles can be used to create replica…
Made from 80 per cent recycled materials, Woolworths Bricks collectibles can be used to create replica…

The free Woolworths bricks are selling out with many taking advantage and selling the highly sought-after truck for hundreds of dollars online.


parents are getting a strange sense of déjà vu with Woolworths’ new bricks promotion.

After the free LEGO dupes currently being offered up to customers who spend $30 or more in-store and online have sold out in many states, some are turning to shopping websites to offload or buy – and for decent coin too!


The brick sets are proving to be popular. Images: Woolworths / Supplied
The brick sets are proving to be popular. Images: Woolworths / Supplied


Woolworths bricks selling for hundreds online

Just as we saw with the uber-popular Ooshies campaign, shoppers are listing their unwanted brick items on sites such as eBay to make some money off other desperate parents and brickie collectors.

Packets of the small builds that contribute to making your very own Woolies supermarket are already being listed online, with the average blind bag asking for anywhere from $1 per bag to $5.

But the biggest ticket item being listed online is the much-loved Woolies delivery truck, with some people listing their truck for around $70-$170 on eBay!


Screenshot 2021-09-28 080058.jpg

One customer was so furious after spotting the sellers trying to take advantage and alerted the supermarket giant via Facebook.

“When are you going to bring more trucks out in order to stop these disgusting people from doing this?” the woman asked.

“Scalpers everywhere,” another disappointed shopper added.

While others were just upset that they couldn’t even buy the truck at a decent price even if they were willing to look elsewhere for it.

“Some of us just want one at a reasonable price for our kid,” one wrote.

“Checked last night on eBay, but I can't afford $70 for a truck no matter how much my child wants it.

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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by Allanswood »

That's because scalpers have gone to every supermarket and bought all the trucks in bulk to resell. All I saw at mine is the 'foundation of the building' kit.

Some main components must be bought, they don't come in those "spend $30, get a mystery brick pack".
So it's open to "kiddy toy extortion".


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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by MJ's pet »

And when the promotion ends the interest in and value of this stuff drops to $0.

Still, they should have more trucks to sell. Everyone knows kids love trucks. :twisted: :twisted:

Totally agree with this: “Some of us just want one at a reasonable price for our kid,” one wrote. :|

How much were the trucks BTW if they were available in the store?

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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by Ubobo.R.O. »

2021-09-28_102416.jpg
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Re: COVID clean-outs may reveal million-dollar sports card collections

Post by Global Administrator »

.
So you need to BUY the trucks for $15?

They were never free at any time?

If so - ''supply and demand''.

Like whenever a new iPhone is released etc. Or Football Finals tickets etc. Some idiot will ALWAYS pay over the odds for ANYTHING!
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